Quote from: Abiky on November 18, 2022, 01:08:29 AM

Quote from: Sayeds56 on November 10, 2022, 01:41:57 PM

Inflation is rising globally since war broke out between Russia and Ukraine which caused high price of food and energy but since FED has taken strong measures to control inflation by increasing interest rates, it will certainly start coming down as it is evident from CPI data released this evening. CPI of October is 7.7% which is significantly lower than last month. If this trend continues, we will see decline in prices of goods & services in coming days.

https://www.investing.com/economic-calendar/

It's all Russia's fault. If Putin didn't decide to invade Ukraine in the first place, the economy would've been on a path towards a slow and steady recovery (since the COVID-19 pandemic temporarily affected it). Now things are worse, as Russia decided to stop selling energy/gas to the EU. This caused inflation to increase by a large margin within the bloc. Global food prices also increased due to Ukraine's inability to export wheat (although a deal was made with the UN recently to help address the issue).

I don't think central banks' efforts to tackle inflation will work if Russia continues with the war. The Putin regime must be stopped so we could see inflation decline to acceptable levels. Poor people are being severely affected, while the wealthy are doing well. I hope this will be all over soon, so we could be on a road towards a prosperous future. Just my opinion

Yes, it is undeniable that the economic crisis is getting worse after the war between Russia vs Ukraine. and it's true, if the war didn't happen it's possible that the global economy would improve slightly even if slowly for some countries. However, the problem of inflation still cannot be avoided even though the Russia vs Ukraine War did not occur. but certainly not as bad as today. because today's inflation is also part of the post-pandemic market shock. demand that suddenly soars after quarantine restrictions are lifted or after the pandemic is over. and supply cannot keep up with demand. an example is the demand for natural gas which has soared post-pandemic. although natural gas is available but still it is limited and cannot keep up with demand. coupled with the actions of several countries boycotting Russia. so that Russia also stopped shipping natural gas to several countries such as in Europe.